Thursday, October 25th, 2007

Another Day, Another Lawsuit

Posted by Bossip Staff

lil-wayne.jpg

Jack Sutton Fine Jewelry in New Orleans is suing Lil’ Wayne for $146,000 he still owes on a $138,000 diamond ring and $32,000 gold-and-diamond necklace purchase:

The handmade platinum ring contains an 11.55 carat, princess-cut diamond surrounded by an additional five carats of invisible set princess diamonds. The 32-inch necklace is draped with ice — four rows deep, 105 carats total weight — in 18 karat white gold. Carter agreed to pay monthly installments, the suit says. Sutton received a $24,000 check on Oct. 12. The next $24,000 check was dated Jan. 18. Sutton deposited it, only to learn a stop payment had been issued. Sutton says he tried to reach Carter, sending e-mails to the artist’s financial advisor. No luck.

”Defendant has breached his oral and written agreement. He spent a lot of money with me. I thought we have a really good relationship. I don’t know what happened, unless it’s a misunderstanding.”

Weezy know he better cough up the dough…when will these cats learn that people will slap a lawsuit on your ass at the drop of a hat.  Hopefully he has a good financial advisor, and it’s not just the Birdman’s uncle or play cousin who’s good with numbers handling his money.

Source

Comments(42) on “Another Day, Another Lawsuit”

  1. DROCK

    I THINK I’M 1ST…(HAS NOTHING ELSE TO SAY)

  2. 50isdashiznit

    haha ***** wayne is broke he’s not making it rain :) )

  3. Marquella

    Why is this news?

  4. Almost Famous

    man what the *****. all this money that wayne is supposedly getting he shouldve paid all of that by now

    seriously….smh

  5. IAMLEGEND

    Jewerlry? wtf? these guys need to grow thr f-up!

  6. nono

    yawn

  7. *****y

    Well at least this confirms his diamonds are real!

  8. CAPILA

    NEXT NEWS ITEM PLEASE

  9. M-DADDY OAKLANDS FINEST

    Man this is the dumbest ***** I’ve ever heard in my life. This dude is ballin and he dont want to pay his bill. Damn I have enough trouble paying my mortgage.

  10. KJ504

    Big Wayne fan thats da hometown nuccah but he knows that he needs to pay Jack. People are serious about their money and he knows that.

  11. Mahogany

    When *****ing for diamonds goes wrong….

    “U won’t give skull…………….give me my chain B*TCH!!!!”

    :)

  12. Just Sit And Be Pretty

    why do they waste money on bling? I mean, if you got it like that then fine…but monthly payments? WTF? See now Jay Z would’ve been plunking down cold hard cash…:-) Yup, Weezy is so not in his league.

  13. Marquella

    Mahogany

    When *****ing for diamonds goes wrong….

    “U won’t give skull…………….give me my chain B*TCH!!!!”

    ___________________________________________________

    Ha ha ha ha ha ha!

    Yep.

  14. neekah

    when will these dumb rappers learn, THESE JEWELERS AND DESIGNERS ARE NOT YOUR FRIENDS!!!! WHEN THE CHECKS STOP COMING IN SO WILL THOSE BLOOD DIAMONDS AND LUIS VUITTON GOODS!!!

  15. Royal Chocolate

    Why does he need all of the sh*t anyway? Lookin’ like a draped-out smurf with a rhinstone addiction…


  16. HAAAAAAAAAAAAAAAAAAAAAAAAA!

    THIS ***** IS FUNNY AS HELL TO ME!

    WHY?

    BECAUSE THEY BE ALL OVER THE VIDEOS, 106 AND PARK,

    ALL TYPES OF AWARDS SHOWS AND EVERY WHERE ELES BRAGGIN’ ABOUT HOW MUCH MONEY THEY GOT, ALL THE CARS THEY OWN, ALL THE *****ES THEY *****, AND YOU MEAN TO TELL ME LIL’ WAYNE HAS TO PUT HIS BLING ON LAY – A – WAY! AND TRYING TO “STIFF” THE PEOPLE OUT THEIR MONEY!?

    HAAAAAAAAAAAAAAAAAAAA! WOOOOOOOOOOOOOW!

  17. Richard O'Reilly

    I remember what Chris Rock said; “They spinnin ni99a the spinnin’; they spinnin ni99a, the spinnin!”; OK, maybe Rock talked about rims there but the same can also be said for jewels here; same scenerio;

    http://www.youtube.com/watch?v=RmrjX6NL0u8

  18. joe

    @*****y

    This doesn’t confirm that the jewelry we see him wear on the videos, at performances, etc are real. This only confirms that he did “attempt to buy some real ***** and couldn’t afford it.

    Just to let you in, a lot of entertainers go to special jewelers and have high quality costume jewelry made with precious stones, moissanite [a really good fake diamond] and cubics set in white gold or rodium [family member to platinum, platinum is really heavy].

  19. MISSJ

    Jacob the jewler has said that most artist rent thier bling. Very few can afford to buy it outright. Half of these rappers don’t own anything they are just trying to keep up appearances. They better take a lesson from Hammer.

  20. AND...

    Another stupid ***** black man. What else is new?

  21. FIDDY

    THOSE *****S NEED TO STOP FRONTIN LIKE THAT. PAY THE MAN!! IF YOU SO BAD YOU SHOULD HAVE BEEN ABLE TO BUY IT STRAIGHT UP!! KEEP IT 100, *****, YOU CAN’T TAKE THAT ***** WITH YOU. WHY HAVE THE WHITE MAN CALL YOU OUT WHEN YOU KNOW YOU ***** NEEDS TO PAY UP!! AND NOW YOU CAN’T RAPP ABOUT THE DIAMONDS ON THE WRIST BECAUSE IT AIN’T PAID FOR SO THAT MEANS THIS ***** BE LYING!

  22. AND...

    MISSJ

    Jacob the jewler has said that most artist rent thier bling. Very few can afford to buy it outright. Half of these rappers don’t own anything they are just trying to keep up appearances. They better take a lesson from Hammer.

    ____________________________________________

    You’re right and not just the rappers. Singers, actors, athletes they all rent. Only a handful can actually afford to buy and my homie Oprah is one of them. SHE OWNS ALL OF HER JEWELRY.

  23. Bankable P

    My thoughts:

    #1 – If the check was dated for Jan 18, i’m *****uming 1/28/08, why are you depositing the check now?? That may be the reason there was a stop payment – just like the man said “misunderstanding”.

    #2 – If you have the money, like everone else is saying, just pay for it. That’s how they get you with all these payment plans because if you miss a payment, we all know they start calling wanting their money in full. Personally, if i was a jeweler and you came to buy something from me that costs as much as a house I would want all my money upfront before you leave the store! LOL! That’s just me.

  24. Bankable P

    #3 – If you don’t have the dough to buy the jewlery, don’t even window shop! Keep it movin’!

  25. joe

    @ miss j & AND – actually “popular jewelers” like jaccob, harry winston, choppard, etc loan their jewelry out to celebrities for name recognition. same is done with gowns in the fashion industry.

    so, to be fair, it isn’t a “your a stupid black man who fronts like he has money” issue. j.lo, reese witherspoon, sandra bollock – they all borrown jewelry and gowns for special appreances.

    @ bankable – i’m sure it was from jan 07 and the jeweler has been trying to resolve the issue since then.

    people’s reading comprehension really shock me. read people, read!

  26. AND...

    @joe

    In response to:

    @ miss j & AND – actually “popular jewelers” like jaccob, harry winston, choppard, etc loan their jewelry out to celebrities for name recognition. same is done with gowns in the fashion industry.

    so, to be fair, it isn’t a “your a stupid black man who fronts like he has money” issue. j.lo, reese witherspoon, sandra bollock – they all borrown jewelry and gowns for special appreances.

    ________________________________________________

    I’m aware that they want the celebs to wear their jewelry and so do the fashion designers. That’s why the hosts always ask “Who are you wearing?” It’s the best type of advertisement. I never said it was “a stupid black man who fronts like he has money”. He’s stupid b/c he has not paid for the jewelry. Obviously he wanted to own it or he would have just given it back or something but that was not the arrangement. As you said read people read!

  27. JG

    Since when did broke *****, bad credit having ***** people start becoming finicial advisors. If you don’t have over a million dollars in your bank account, you can’t possibly know what you are talking about. Make a million, then talk about what you should do with your money.

  28. Oh F@ck That!!!

    M-DADDY OAKLANDS FINEST

    Man this is the dumbest ***** I’ve ever heard in my life. This dude is ballin and he dont want to pay his bill. Damn I have enough trouble paying my mortgage.

    ^^^^^^^^^^^^^^^^^^

    WOW….Commin from Cali, I am embarraced to see that you come from Oakland cuz this is the STUPIDIST comment I have heard.

    Bossip posted this story to show everyone, including you that he is NOT BALLIN’ like he and so many rappers lead you all to believe. People don’t just decide not to pay something….they don’t just CHOOSE to put themselves in debt like he is, they CAN’T pay it lol. If he has as much money as he leads everyone to believe,didn’t you ever stop to thing maybe there wouldn’t have BEEN A PAYMENT IN THE FIRST PLACE? When you are truly RICH, $140,000 is TOILET PAPER!!!

    I think too many people, ESPECIALLY black people and people of color don’t understand the difference between being truly RICH, WEALTHY and just UPPER MIDDLE CL***** cuz most of these rappers are upper middle cl***** which is far from rich. Just comfortable. But they live and spend like they are rich because they have either never seeked financial councelling or just think they can do better without it.

  29. Oh F@ck That!!!

    Just Sit And Be Pretty

    why do they waste money on bling? I mean, if you got it like that then fine…but monthly payments? WTF? See now Jay Z would’ve been plunking down cold hard cash…:-) Yup, Weezy is so not in his league.

    ^^^^^^^^^^^

    Co sign that!!! Jay-Z….now THAT’s a real baller along with my baby 50 and possibly Diddy but I don’t know how much liquid *****et he could actually get his money on if he needs it because there is a difference between being WORTH 340 million and actually having 340 million dollars to spend and he hasnt had a hit on Bad Boy in the last 8 years or so and it costs a lot to keep a business going as well as all of the dayum baby momma payment he makes to his 3 baby mamas lol.

  30. AND...

    @Oh F@ck That!!!

    Your right. Liquid *****ets are different and it makes me wonder how wealthy these people really are. You remember how TLC was? Selling out venues, #1 singles and albums, and they were completely BROKE!!! Everything that glitters ain’t gold.

  31. KB

    LOL @Oh F@ck That!!!

    Mixtape money aint that big LOL! There’s a “Drought” in his pockets LOL Get It! He aint makin it rain for that ICE! See he aint messin with Jay when it comes to Albums, Songs, Rhymes, & MONEY! Therefore they should not be mentioned in the same sentence. Hear that BOSSIP??? LOL!


  32. can someone get him an English coach?

  33. kai

    Pay yo fare, comb yo NAPS lol! lol…First off, why is he having monthly payments? Still think hes talented, just a bit stupid.

  34. Gimme A Break

    Another fraudulent, irresponsible rapper. Bossip, is this really news?


  35. i just hope that his stock portfolio is as blinged out as his teeth :) when will we learn?

  36. Supa

    You do know that he has people that are supposed to take care of that stuff, right? As far as making monthly payments, that’s for the good credit. Just because you’re rich, that doesn’t give you good credit. You still have to build your own credit up. He gets paid more for a show than anyone posting on here gets paid in a year. *****s always try to find something to talk about, not realizing that they aredoing much worse than the person they’re talking about. Just dropping $32,000 on some jewelry is ballin.

  37. Bronx Brawler

    Break bread lil duffel bag boy lmao


  38. yeah, but it’s good to be smart enough to understand how “your people” are investing your money. look at what mike tyson’s peeps did, and so many other black people have gone through by not understanding how other people were spending our money. good credit doesn’t mean anything, if you got cash and millions like all of them claim. he’s talented, just not very smart. you could probably adopt a country in Africa for a fraction of the cost. you won’t see rich white men walking around with all of their money around their necks. and since the last time i checked, they were still running this country and had the highest percentage of millionairs/billionairs in the nation. maybe we should steal some of their lessons, like they stole our labor. just something [other than hood *****] to think about.

  39. DANA

    payment plan?

    WTF?? THATS NOT GANGSTA!!! LOL!!

  40. famou$ dude

    wezzy is my boy but i’m startin’ to think dude be lyin’ bout how much cake he got. if he had all dis cake he would pay dat sh*t off not do no monthly payments bullsh*t. looks like birdman takin’ all his money.. smh.. wezzy wake dat f*ck up and leave baby and f*ck dem diamonds.. he probably like all dem celebs.. workin’ but broke like sh*t..

  41. famou$ dude

    lisa i feel you on dat sh*t.. some black folkz don’t know how to act when dey get a lil bit of change in their pocket.. sad mayne.. real sad. and yall wonder why their ain’t too many rich black folkz

  42. pimp daddy

    JUST LIKE A CHEAP W***** WOULD DO.RIGHT 50,HA HA HA!

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